Remuneration Committee

A remuneration committee was set up on 20 March 2006 with written terms of reference to oversee the remuneration policy and structure for all Directors and senior management. The remuneration committee comprised three members, namely, Mr. Chan Ngai Fan, Ms. Cheung Yin Man Monica and Mr. Li Wei of which the members of the remuneration committee, all are being independent non-executive Directors. The role and function of the remuneration committee include the determination of the specific remuneration packages of all executive Directors, including benefits in kind, pension rights and compensation payments, including any compensation payable for loss or termination of their office or appointment, and make recommendations to the Board of the remuneration of independent non-executive Directors. The remuneration committee is chaired by Mr. Chan Ngai Fan.

Remuneration Committee’s members:

Mr. Chan Ngai Fan (Chairman)

Ms. Cheung Yin Man Monica

Mr. Li Wei